KENSINGTON SALES MARKET INSIGHT 2018 FIGURE 1
Property prices in Kensington Achieved price, year to December 2017
● Up to £1m ● £1m to £2.5m ● £2.5m to £5m ● £5m to £10m ● £10m+
FIGURE 2
Kensington fact sheet
Population: 32,098
sing
Ken ton
ill
arde
nH
ce G
de
d
Roa
ad
ns
Ro
illas dV
lan
mp
Pala
Ca
Hol
Holland Park
n
Ke
ton
g sin
Kensington Palace
h
Hig
et
e Str
£1,585 £1,655 £1,710
MAXIMUM £PSF Year to December 2017 Year to December 2016 Year to December 2015
£5,200 £6,545 £5,790
Source: Knight Frank Research / LonRes
BLUE PLAQUES s
illa nV
do
ing
Ab
Hyde Park
AVERAGE £PSF Year to December 2017 Year to December 2016 Year to December 2015
John Stuart Mill, philosopher William Thackeray, novelist Rudolf Nureyev, ballet dancer Jean Sibelius, composer T.S. Elliot, poet Sir Winston Churchill, politician Agatha Christie, writer
STOCK BY PROPERTY TYPE
Source: Knight Frank Research / LonRes / Land Registry
Terraced
Prime central London update Activity in the prime central London sales market continues to stabilize, a trend that is more marked in higher-value price brackets. While the overall number of transactions rose 5% in the last six months of 2017 compared to 2016, the increase was 14% for properties valued at between £5 million and £10 million, LonRes data shows. In Kensington, this trend is highlighted by the more resilient sales volumes in the typically higher-value postcodes to the north of Kensington High Street, as figure 4 shows.
KF.indd 1 v3.indd 1 Kensington
76%
Flat
21%
Sami Robertson, Kensington Office Head 2% Semi-detached “More vendors have adjusted their asking 1% Detached price to the point that their properties are gaining growing interest from buyers who AGE OF HOUSING STOCK are heavily scrutinising the market for value. Pre-1900 68% Kensington has also benefited from some high-quality new-build schemes, which have 9% 1900-1939 helped reposition the area as more current in the minds of buyers. However, education 7% 1945-1972 Contains OS data © Crown Copyright and database right 2017 still plays a key role. One house near a very 9% 1973-1999 good school exchanged on the day of the general election in 2017. The buyer did not 7% 2000-present want to wait for the result, the school was Source: Knight Frank Research / Valuation Office Agency more important.”
12/02/2018 06/02/2018 17:15 16:51